Long-term Unemployment Still Too High
The stock market reacted favorably this morning when it was announced that the number of people on payrolls fell by 36,000 in February, better than the 50,000 loss expected by economists. The...
View ArticleChart of the Week: Tax Burden Is Rising to Highest Level in History
President Obama will meet with congressional leaders tomorrow to resume talks on the debt limit. The rare Sunday meeting between top Republicans and Democrats could signal the start of “hard...
View ArticleWashington in a Flash: Unemployment at 9.1%, Employers Add 117,000 Jobs
The Bureau of Labor Statistics reported this morning that employers added 117,000 jobs in July, up from June’s dismal 18,000 but still below the number needed to keep pace with population growth. The...
View ArticleNorth Dakota’s Job Creation Formula
When it comes to creating jobs, North Dakota has found the right formula. The state has the largest percentage increase in employment over the past year and was the fastest of all 50 to recover from...
View ArticleVoters in Iowa, New Hampshire Say Federal Budget Deficit Is No. 1 Issue
New polling data reveals that voters in Iowa and New Hampshire overwhelmingly believe the federal budget deficit is the most important economic issue facing the United States today. Despite the...
View ArticleChart of the Week: Slow Job Growth Means a Slow Economic Recovery
President Obama will deliver his third State of the Union address on Tuesday night. According to a preview video released this weekend, the speech will outline Obama’s vision for improving the economy...
View ArticleChart of the Week: Household Income Soars In Energy-Producing States
North Dakota’s energy boom helped the state surpass California and Alaska to become the No. 2 oil-producing state in America. But oil isn’t the only thing that’s booming. Household income rose faster...
View ArticleThe Right Road on Regulation
Regulation is like the weather. Everyone likes to complain, but nobody does anything about it. That’s not true, however, of the House of Representatives, which today passed a fistful of reforms. The...
View ArticleMorning Bell: Has Any Administration Policy NOT Killed Jobs Lately?
Congress has headed off for its long vacation-and-campaign season, fleeing Washington as the unemployment rate rises. According to the Labor Department’s July jobs report, the unemployment rate ticked...
View ArticleGovernment Makes It More Difficult for First-Time Job Seekers
Last week, the U.S. Department of Labor released its Employment and Unemployment Among Youth—Summer 2012 report. While many youths (ages 16-24) found a summer job this year, many did not even try....
View ArticleMorning Bell: Obama’s Dismal Jobs Record
The unemployment rate is now 8.1 percent, marking 43 months straight that it has stayed at 8 percent or above. At least 12.5 million Americans are out of work. Yet President Obama has been trying to...
View ArticleMorning Bell: Anemic Job Growth Continues
Job growth continues to sputter—this morning’s jobs report shows that 12.1 million Americans are still out of work. Going against other economic indicators, the unemployment rate dropped to 7.8...
View ArticleThe Odd September Unemployment Rate: When Good Surveys Produce False Results
What’s behind the seemingly sudden drop in the unemployment rate? While the economy stumbles along, no one would expect a sudden jump in employment. Job growth has averaged about 100,000 per month over...
View ArticleChart of the Week: Major Benefits of Free Trade
Nations that embrace international trade enjoy significantly stronger economies, achieve lower rates of hunger, and maintain a better stewardship of the environment, according to new data published by...
View ArticleMorning Bell: Unemployment Rate Inches Back Up
The October jobs report essentially agrees with the rest of the current data on the economy—the economy is growing slowly, too slowly to bring down unemployment rapidly. In fact, the unemployment rate...
View ArticleChart of the Week: Slowest Economic Recovery Since the 1960s
Americans could be waiting another five years for a return to normal employment based on the sluggish pace of the U.S. economy. After nearly four years in office, President Obama has overseen the...
View ArticleUnemployment Rate Drop Due to Workers Leaving Labor Force
The November employment report appeared to be good news. The unemployment rate fell to 7.7 percent, the lowest level since 2009, and the economy created 146,000 jobs. However, a closer reading of the...
View ArticleGeneration Y: A Taste of What Is To Come for Generation Debt
Moment/ZUMA Press/Newscom You may be wondering whether anyone, after all, went over the fiscal cliff at the end of December. News reports about Congress’s last-second legislation certainly conveyed the...
View ArticleFree-Market Opportunities Propel North Dakota to Top Job Creator
North Dakota led the nation in job creation in 2012, according to a new report released by Gallup. The state has an unemployment rate of 3.2 percent, the lowest in the country according to the Bureau...
View ArticleUnemployment Remains a Stumbling Block in the Eurozone
Newscom January’s unemployment numbers for the 17 countries of the eurozone has moved closer to 12 percent. This underscores the strong economic headwinds that face these member nations as they...
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